DGB/BTC Potential +300% Profit

Looking at the weekly we have been holding the bottom support for years now. We had a little run up that bounced off the previous red support (turned resistance) and retraced back to the long term support and double bottomed more or less (hopefully). We are looking close to a MACD cross as well. I am expecting another run up to the red resistance, possibly where it coincides with the horizontal dotted resistances. If we just hit it again it'll be roughly a 300% profit.

DGB has always been a coin I have thought was extremely undervalued, although that could be due to lack of marketing and hype. Regardless, it looks like a good risk/reward to me.

This isn't something I expect to happen overnight btw. Just a coin I put a bit into for a long term trade.

Disclaimer: I am not a professional. Trade at your own risk!

Note

1D Chart zoomed in

Note

Already up 30% in sats and 55% in USD. Weekly MACD is damn near touching and looking to cross.

Note

Very high probability of big pump when MACD crosses and we are even closer to a cross.

Note

Currently at a resistance line intersection from diagonal and horizontal at the 140 sat mark. If we can break above we should continue on up. If fails, possibly a retest of 113 sat range. Looking promising to keep going though.

Note

weekly view, MACD touching

Note

up around 80% from original post currently

Note

We have broken through long term resistance of previous uptrend

bwymore

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

bwymore